![]() Meanwhile, fourth-quarter consumption rebounded from soft growth in Q3. A boost from net trade offset significant contractions in inventories and a continued contraction in investment and housing. The Canadian economy finished 2022 on a flat note, posting 0.0% (annualized) growth in Q4 of 2022.Emerging market growth is forecasted to increase slightly to 4.0% in 2023. ![]() The International Monetary Fund forecasts global growth to slow to 2.9% in 2023, led by advanced economies, which are expected to grow only by 1.2%.High inflation, tight financial conditions, COVID-19 outbreaks in China, and the War in Ukraine all contributed to the slower activity. Global economic growth slowed to 1.2% in the fourth quarter (Q4) of 2022, from 3.9% growth in Q3. ![]()
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